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The Concord Coalition Calls for Compromise to Avoid Calamity of Fiscal Cliff

Excerpt

The American people have survived yet another divisive election. The constant barrage of negative campaign ads has ended, only to be replaced with our next great challenge; the fiscal cliff. Early next year, a series of mandatory cuts to government spending are scheduled to occur automatically, unless Congress and the President can come to some sort of agreement, and soon.

The nation’s fiscal outlook presents the Election Day winners with only two choices, according to Concord Coalition Executive Director Robert L. Bixby: calamity or compromise.

“The Concord Coalition urges compromise,” he writes in a new blog post. “That must begin immediately as the two parties negotiate a responsible alternative to the ‘fiscal cliff’ -- a combination of tax increases and spending cuts that will hit with such suddenness that it could throw the still-fragile economy back into recession.”